Before we get into politics:
- What happens to those vaults if no one is biting them?
- What is the cost of that bad debt?
Is that cost higher than the subsidy + the implementation costs + potential new risks?
I want put emphasis on the implementation costs. It’s not like we have extra resources lying around.
Going back to the politics (not really, but my 2 cents):
- I don’t think anyone believes that MakerDAO is raising the dust to “outprice” smaller investors. (DeFi has become less inclusive in general because of the current limitations of Ethereum. #ETH2 #EIP1559 #POS #L2 #soon
- Usually subsidies are a bad idea. We could speak next about the real cost of food, or the type of energy we use. We can also start thinking about what else we could subsidize. #WenAirdrop
I can think of a couple ways that we would implement this without adding work to the developers. For example, MIP14 (not sure if there’s something simpler) + donations into a wallet, someone monitoring the bites, and manually sending rebates. I’m sure there are better ways of doing it.